Cabot (NYSE:CBT) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Cabot (NYSE:CBT) posted its quarterly earnings results on Monday. The specialty chemicals company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02, Zacks reports. Cabot had a net margin of 9.51% and a return on equity of 26.60%. Cabot updated its FY 2025 guidance to 7.400-7.800 EPS.

Cabot Price Performance

Shares of NYSE CBT opened at $84.78 on Tuesday. The stock has a market capitalization of $4.60 billion, a PE ratio of 12.58, a P/E/G ratio of 0.74 and a beta of 1.21. Cabot has a fifty-two week low of $70.63 and a fifty-two week high of $117.46. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.08 and a quick ratio of 1.36. The business has a fifty day moving average price of $95.28 and a two-hundred day moving average price of $102.03.

Cabot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, February 28th. Cabot’s dividend payout ratio is presently 25.52%.

Wall Street Analyst Weigh In

CBT has been the subject of several recent research reports. JPMorgan Chase & Co. cut Cabot from a “neutral” rating to an “underweight” rating and set a $105.00 price target for the company. in a report on Monday, November 11th. Mizuho decreased their price target on shares of Cabot from $122.00 to $110.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $102.00.

Insider Activity at Cabot

In related news, EVP Jeff Ji Zhu sold 14,566 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.25, for a total value of $1,649,599.50. Following the sale, the executive vice president now directly owns 69,449 shares in the company, valued at approximately $7,865,099.25. The trade was a 17.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lisa M. Dumont sold 865 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $111.74, for a total transaction of $96,655.10. Following the transaction, the chief accounting officer now directly owns 9,742 shares of the company’s stock, valued at approximately $1,088,571.08. This represents a 8.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,190 shares of company stock valued at $5,751,534 over the last three months. 3.07% of the stock is owned by insiders.

Cabot declared that its board has approved a share repurchase program on Tuesday, December 3rd that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the specialty chemicals company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Cabot Company Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.